Submission of Audited Financial results for the year ended 31st March 2025
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd reported audited results for FY25 showing a sharp revenue jump to about ₹510 lakhs from ₹142 lakhs in FY24, roughly 3.6x growth year-on-year. Despite this revenue surge, the company continued to post a net loss of ₹104.54 lakhs, although the loss narrowed significantly from ₹198.69 lakhs in the previous year. Loss per share improved to -₹1.15 from -₹3.27. Operating cash flow remained deeply negative at -₹208.43 lakhs versus -₹188.21 lakhs, and cash on hand fell sharply from ₹166 lakhs to ₹33.5 lakhs. The company raised equity of about ₹248 lakhs via a rights issue and added ₹179 lakhs in short-term borrowings to fund operations. Accumulated losses widened to -₹218 lakhs in the reserves. Auditor KGS & Associates issued an unmodified (clean) audit opinion on the annual results.
Strong top-line growth is encouraging but the company is still burning cash and remains loss-making with a thin equity buffer, so investors should monitor whether the higher revenue translates into operating profitability soon. The clean audit opinion and successful rights issue reduce immediate funding risk.